Quite simply, an annuity is a way of converting money you have built up in your pension fund into an income for the rest of your life. In fact, it's a kind of insurance policy which ensures you won’t run out of money before you die.
Our LV= annuity experts are here to talk you through the best approach for you and we now have the LV= Annuity Service.
Shopping around for the best annuity deal on your own is complicated and time-consuming.
The LV= Annuities service will search the best providers in the market to find you the best income for your retirement. Our calculator can compare like-for-like annuity policies to work out which provider will give you the most income using your pension pot.
It's a good idea to use our annuity calculator for the following reasons:
Remember to include any past or present health conditions for you and your partner and include smoking or drinking habits as these conditions could qualify you for an enhanced annuity.
So whether you're ready buy an annuity or you're just looking for a rough quote, our service is for you.
Our annuity service compares the following leading providers:
It's important to take the Open Market Option and shop around for your annuity. You don't need to accept the first offer you get from your existing pension provider.
Everyone’s finances are different so buying an annuity at retirement may not always be the best option for you. If you don’t want an annuity, or if you decide to delay buying one, there are a few other options you might consider such as investing in an LV= Protected Retirement Plan. This will provide you with a fixed income for a specified period. At the end of that time, if you're still alive, you'll be paid a guaranteed lump sum.
We offer a range of the protection, pension and investment products from the Liverpool Victoria group of companies. We also offer annuities and investments from a limited number of other companies.
Call our UK-based advisers for more information or a quote:
0800 756 8840
Quoting offer code IELO
TextDirect: 18001 0800 756 8840
8.30am - 6pm Monday to Friday
If you're a Financial Adviser please call:
0800 169 1111
TextDirect: 18001 08001691111
We may record and / or monitor calls for training and audit purposes.
For guidance on your defined contribution pension we recommend Pension Wise, a free government service offering impartial guidance on your pension options.
To book an appointment call:
0800 138 3944
8am to 10pm everyday
Pension Wise won't recommend any products or tell you what to do with your money.